More to come: There is a tremendous potential for the application of blockchain in industrial use. Blockchain is the technology behind Bitcoin (pictured).
NEW YORK: As the hackers behind the global ransomware attack demand payment in bitcoin, here is a look at the basics behind the electronic currency.
Why are hackers using bitcoin?
The digital currency bitcoin has emerged as a favourite tool for hackers demanding a ransom for a simple reason: You can start accepting bitcoin anywhere in the world without having to reveal your identity.
For criminals, this makes bitcoin much more attractive than systems like Western Union, which generally require customers to provide identification before opening an account and receiving transferred money.
Click on the link for more: http://www.straitstimes.com/world/united-states/all-about-bitcoin-the-mysterious-digital-currency
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